Dubai Property: Trump Tower Buzz Builds After Burj Azizi
The first Trump tower is launching soon in Dubai – and estate agents have already been sending the smartphones buzzing and telling potential buyers to keep funds ready.
The build up to the project launch has already taken on epic proportions even with all the super-luxury launches that's taken place in Dubai in the 3 months and over of 2025.
Whenever the actual launch takes place, the project, estimated to cost Dh2 billion and with Dar Global as developer, is set to be the signature event in Q2-2025 for Dubai's property market. Its location will be somewhere off Sheikh Zayed Road and in the 'wider' Downtown area.
'Thus, two landmark skyscraper launches will define Dubai property in the first six months of 2025 – the Burj Azizi and (when it happens) Trump International Tower,' said an estate agent. 'Whatever be the state of global markets with Trump tariffs, the Trump tower already has created high anticipation for more signature projects in Dubai.'
A penthouse at Burj Azizi sold for Dh71 million, the priciest one in the development to date.
A 47-storey Trump tower was launched recently in Jeddah, with completion set for 2029. Unit prices start from SR1.7 million.
There are other Trump-branded projects in Dubai, but this will be the first tower.
Offplan launches by the day
There have already been quite a few in Dubai already this year, with March, when this year's Ramadan was observed, seeing another rush of new offplan launches vying for investors' eyes and funds.
According to Reidin-GCP data, there were 23 new residential projects launched in Dubai March – and a further 49 announced. It's clear that there was to be now launch slow down during Ramadan.
'Emaar led the activity with the highest number of launches, while developers such as Imtiaz and Sobha also contributed,' says the Reidin-GCP report.
The March stats also show Dubai Islands as being the most prominent location for new launches – four projects seeing start of sales and another eight announced. 'Dubai Islands is gaining prominence as a coastal extension of 'Old Dubai' with more than 7,000 residential units under construction.
'Other notable launch clusters include Satwa, Al Furjan and Emaar South.'
A higher volume of sales at Dubai Islands – and Palm Jebel Ali – in the coming months should offer evidence that demand for luxury homes in the city is holding its own.
'Based on Land Department data, the Burj Azizi and some of the homes near the Dubai Canal are doing fine,' said an estate agent.
'Once the Trump Tower gets into the sales mix, that too will provide clarity on where the Dubai property market is heading. Throw in a few record deals in Jumeira Bay – whether it's a home or plot – and it's all good.
'Even if property prices stabilize at current levels, that's still a plus for the market.'
Also read: UAE Reports Success of Unlicensed Weapons Campaign
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